legal updated
THE DEPOSIT FOR INVESTMENT PROJECT IS FROM 1% - 3%
In accordance with the Decree No. 118/2015/ND-CP dated November 12, 2015 of the Government guiding a number of Articles of the Law on Investment, takes effect on December 27, 2015, the investor must pay a deposit when receiving land, leasing land, or permitted to repurpose land by the State to execute the
INVEST OVER VND 190.000 BILLION ON NEW COUNTRYSIDE BUILDING
On November 12, 2015, the National Assembly passed the Resolution No. 100/2015/QH13 approving the investment policy for national target programs during 2016-2020; including National target program on new countryside building and National target program on sustainable poverty reduction.
TOTAL OF EXTRA WORKING HOURS OF SEASONAL LABORER SHALL NOT EXCEED 300 HOURS
Total of extra working hours in a year of each laborer shall not exceed 300 hours is the important content prescribed at the Circular No. 54/2015/TT-BLDTBXH dated December 16, 2015 of the Ministry of Labor, War Invalids and Social Affairs guiding the working hours, rest hours applicable to employees on seasonal production work
SMALL- AND MEDIUM-SIZED ENTERPRISES MAY BORROW UP TO 70 % OF INVESTMENT CAPITAL
Many new policies are prescribed at the Decree No. 111/2015/ND-CP dated November 03, 2015 of the Government on development of supporting industries - means industries that manufacture materials, details, components and spare parts for manufacturing finished products.
ENTERPRISES ARE ALLOWED TO MANUFACTURE AND/OR TRADE GOODS EXPORTED THROUGH VIETNAM’S BORDER CHECKPOINTS
This is the important content prescribed at the Circular No. 24/2015/TT-NHNN dated December 18, 2015 of the State Bank of Vietnam on foreign currency loans granted to residents by credit institutions and branches of foreign banks, taking effect on January 01, 2016.
MAXIMUM LEVEL FOR LEASING AND PURCHASING SOCIAL HOUSES SHALL BE 80% OF THE CONTRACT
Maximum level of purchase, lease or lease purchase of social houses shall be 80% of the contract for purchase, lease, and lease purchase of houses and for borrowers applying for loans to construct social houses for lease purchase, loan term shall be at least 10 years and not exceed 15 years since disbursement of the first loan are the
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- THE MAXIMUM LOAN LEVEL FOR A PROJECT TO BUILD SOCIAL HOUSES MUST EQUAL UP TO 80%
- RENOVATION OR RECONSTRUCTION OF CONDOMINIUMS HALL BE CONDUCTED UNDER PROJECTS
- FINE FROM VND 3,000,000 – 5,000,000 FOR DEPOSIT FOR THE RIGHT TO PARTICIPATE IN THE MULTI-LEVEL MARKETING NETWORK
- THE OWNERS OF HOUSES OR HAVING LESS THAN 3 FLOORS MAY CREATE THE DESIGN HIMSELF/HERSELF
- DIGITAL CERTIFICATES SHOULD NOT BE OVER 05 YEARS
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